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United States Army
Personal Financial Management
Bldg. 225 Davis Street
Fort Buchanan Puerto Rico 00934
Resources are available to help you understand and manage your finances, including one-on-one financial counseling to assist you and your family with financial readiness. Services are designed to focus on money management issues throughout your active-duty lifecycle and into retirement. Financial readiness educational opportunities range from basic planning to long-term investing. Check out the information below to see what’s available at your installation.
This is a loan and you will pay the money back. Advanced pay repayment will be automatically withdrawn from your monthly pay.
Prices in Puerto Rico are slightly higher than in most continental states because of the cost of importing goods. Local produce, meats, and bakery products are similar in price to those in the mainland. There is no sales tax in PR. Quality standards are the same since the US Dept of Agriculture oversees and approves products sold in stores.
The cost of housing compares with many larger cities in the east coast. If you are willing to travel over 20 miles you might find lower housing costs. Government liability car insurance is now mandatory in P.R. The cost is $99.00 per year covering $3,000 in property damage. The cost of commercial vehicle insurance is more expensive than most states.
Soldiers and some DOD civilians who assigned to Puerto Rico are entitled to a 11.5% COLA. (Military rates vary from civilian).
Please be aware that at the present time there is no laundromat in Ft Buchanan. The local economy can be used for such purposes until your household goods arrive.
Be prepared to arrange for a rental car while waiting for your POV. Mass transportation in PR is not available everywhere and would take a long time to move from one place to another. Inside the installation a bicycle would be sufficient.
Assistance will be provided as a noninterest bearing loan, a grant (when appropriate), or a combination of loan and grant. Types of emergencies covered are: Emergency Travel, Mortgage, rent, initial deposit, temporary lodging, food, healthcare not covered by TRICARE, utilities, vehicle repair, funeral expenses, basic essential furniture, appliance costs, cranial helmets, PCS travel, child car seats, dental care for dependents, minor home repair, invitational travel orders, clothing, immigration and passport fees for dependents, special need medical equipment, spouse relicensing and recertification, and non-receipt of or loss of funds food.<
Active duty Soldiers and their eligible dependents. Soldiers retired from active duty because of longevity and their dependents. Retired Army Reserve Soldiers and National Guard and their dependents who have reached the age of 60 and are receiving retirement benefits. Medically retired Soldiers and their dependents including both those placed on the Permanent Disability Retired list (PDRL) and the Temporary Disability Retirement List (TDRL). Surviving Spouse and Dependents Children of Soldiers who died while on Active Duty (including those on Title 10 orders) or in an eligible Retired status. Members of the Reserve Component of the Army (National Guard and Army Reserve under Title 10 U.S.C. on continuous Active Duty for more than 30 consecutive days and their eligible dependents.
The purpose of Temporary Lodging Allowances (TLA) is to partially reimburse a member for:
The more than normal expenses incurred while occupying temporary lodgings and expenses for meals obtained as a direct result of using temporary lodgings OCONUS that don't have facilities for preparing and consuming meals.
Upon initial arrival (reporting) at an OCONUS PDS (includes reporting for TDY at an activity within the new OCONUS PDS limits for Government quarters assignment, or while completing arrangements for other permanent living accommodations when Government quarters are not available; A number of days deemed sufficient, but ordinarily, not more than 30 days (Fort Buchanan).
TLA upon departure can be paid for a maximum of 10 days prior to departure. TLA is not authorized while on PCS/Terminal leave. TLA entitlement ends the day prior to signing out on leave.
Moving can be very costly for military Families despite all the financial entitlements. It is highly recommended that you make an appointment with a financial counselor at your Army Community Service before the move. Your installation Finance and Accounting Office can also provide you with detailed information on your financial entitlements associated with the move. The Army Emergency Relief (AER) program can assist soldiers and family members with bona fide financial emergencies.
Financial assistance activities comprise financial education, training and information, counseling and referral. The scope of each component extends to long-range personal development, taking a proactive approach. The goal is to help Army personnel and their Families to receive educational tools on money management.
Financial education connects closely with other ACS programs, because financial distress can affect a person or family's ability to cope with some areas of life. For example, the already difficult transition to a new location to include cultural adaptation would be further complicated by additional strains caused by financial difficulties (loss of supplemental income, bad credit, lack of cash flow).